Bureau takes additional steps to foster an inclusive financial system
Posted:Wednesday January 13, 2021
I am pleased to announce that the Bureau has published the “Statement Regarding the Provision of Financial Products and Services to Consumers with Limited English Proficiency.” The Statement provides principles and guidelines to inform and assist financial institutions seeking to better serve LEP consumers in non-English languages.
What you should know about tech support scams
Posted:Tuesday January 12, 2021
During the pandemic, we’re doing more online. Scammers are preying on this by offering phony tech support services. Learn how to spot, avoid, and report tech support scams.
New relief for renters
Posted:Friday January 08, 2021
A new law provides relief for renters and extends the CDC’s Order to protect many people who can’t pay their rent from eviction through January 31, 2021.
Credit applications remain depressed for credit cards and auto loans
Posted:Wednesday December 23, 2020
In this update to our May 2020 report examining the effects of the COVID-19 Pandemic on credit applications, we find that credit card inquiries were still 30 percent below their pre-pandemic levels in September, while auto loans were depressed by 20 percent.
Avoid reverse mortgage shopping scams
Posted:Wednesday December 16, 2020
As a result of the economic uncertainty caused by the COVID-19 pandemic, scammers may be targeting older homeowners through reverse mortgage schemes. Learn how to spot and avoid these reverse mortgage scams.
Fall 2020 Rulemaking Agenda
Posted:Friday December 11, 2020
Under the Regulatory Flexibility Act, federal agencies must publish regulatory agendas twice a year. As an independent regulatory agency, we have been voluntarily participating in the Unified Agenda, which is led by the Office of Management and Budget (OMB).
Federal tools to help maximize GI Bill® education benefits
Posted:Tuesday November 17, 2020
GI Bill education benefits are not unlimited, so make sure you have a plan to use them wisely. The Department of Veterans Affairs’ GI Bill Comparison Tool, the Department of Education’s College Scorecard website, and the CFPB’s Your Financial Path to Graduation Tool can help.
How to help homeowners protect their homes
Posted:Tuesday November 10, 2020
Homeowners who are struggling to make mortgage payments because of a COVID-19 related hardship, or who got a mortgage forbearance that is coming to an end, should talk to their mortgage servicer or a HUD-approved housing counselor about options and next steps.